Three branches receive diplomas from VTB group for successful activity

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25.03.2008, 15:52

Three branches of VTB Bank (Armenia) have received a diploma from VTB Group for successful activity. Press service of VTB Bank (Armenia) says the award ceremony was held last week as part of the meeting of the heads of VTB Group regional offices.

YEREVAN, March 25. /ARKA/. Three branches of VTB Bank (Armenia) have received a diploma from VTB Group for successful activity.

Press service of VTB Bank (Armenia) says the award ceremony was held last week as part of the meeting of the heads of VTB Group regional offices.

VTB Group President Andrey Kostin handed the diplomas to Valery Ovsyannikov, general director of VTB Bank (Armenia).

Diplomas are given to three branches – Armavir (for best financial indicators), Echmiadzin (for dynamic development) and Kapan (for the year’s breakthrough).

VTB Bank (Armenia), former Armenian savings Bank, was founded in 1923.

100% of the bank’s shares belong to Russian VTB.

As of Dec 31, 2007, the bank’s assets totaled AMD 70.1 billion and capital AMD 20.7 billion. The bank’s profit for 2007 amounted to AMD 757.9 million.

VTB Bank (Armenia) has 89 branches in Yerevan and provinces as well as in Nagorno-Karabakh Republic. ($1 = AMD 308.77). --0—

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